Yahoo takes big leap with $1.1B deal for Tumblr

Yahoo takes big leap with $1.1B deal for Tumblr

Associated Press - 20 May 2013 08:18-04:00
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Read more: Yahoo takes big leap with $1.1B deal for Tumblr

Chesapeake names Anadarko executive as new CEO

Chesapeake names Anadarko executive as new CEO

Associated Press - 20 May 2013 07:36-04:00
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Read more: Chesapeake names Anadarko executive as new CEO

Seen and heard at the Cannes Film Festival

Seen and heard at the Cannes Film Festival

Associated Press - 20 May 2013 07:30-04:00
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Read more: Seen and heard at the Cannes Film Festival

Actavis buying Warner Chilcott in $8.5B deal

Actavis buying Warner Chilcott in $8.5B deal

Associated Press - 20 May 2013 08:02-04:00
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Read more: Actavis buying Warner Chilcott in $8.5B deal

Economists predict increase in consumer spending

Economists predict increase in consumer spending

Associated Press - 20 May 2013 06:19-04:00
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Read more: Economists predict increase in consumer spending

Measles surges in UK years after vaccine scare

Measles surges in UK years after vaccine scare

Associated Press - 20 May 2013 06:10-04:00
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Read more: Measles surges in UK years after vaccine scare

Myanmar leader making landmark White House visit

Myanmar leader making landmark White House visit

Associated Press - 20 May 2013 08:00-04:00
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Read more: Myanmar leader making landmark White House visit

AP IMPACT: Military sex abuse victims seek VA help

AP IMPACT: Military sex abuse victims seek VA help

Associated Press - 20 May 2013 03:38-04:00
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Read more: AP IMPACT: Military sex abuse victims seek VA help

Wave of attacks kills at least 57 in Iraq

Wave of attacks kills at least 57 in Iraq

Associated Press - 20 May 2013 08:10-04:00
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Read more: Wave of attacks kills at least 57 in Iraq

Chinese, Indian leaders call for cooperation

Chinese, Indian leaders call for cooperation

Associated Press - 20 May 2013 08:01-04:00
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Read more: Chinese, Indian leaders call for cooperation

Report: 23 Hezbollah members killed in Syria

Report: 23 Hezbollah members killed in Syria

Associated Press - 20 May 2013 07:04-04:00
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Read more: Report: 23 Hezbollah members killed in Syria

Jamie Dimon under pressure ahead of investor vote

Jamie Dimon under pressure ahead of investor vote

Associated Press - 19 May 2013 23:43-04:00
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Read more: Jamie Dimon under pressure ahead of investor vote

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  10. Syrian troops repel rebel attack on Aleppo prison
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  12. Deep divide in Congress over domestic food aid
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  17. Cyclone Mahasen fizzles as it hits Bangladesh
  18. Now Venezuela is running out of toilet paper
  19. Markets subdued despite upbeat Japanese growth
  20. Kabul car bomb kills 2 NATO troops, 4 contractors
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  22. Details of Jolie's breast treatment revealed
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  24. U.S. Dollar quietly surging higher
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  26. Stem cells recovered from cloned human embryos
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  28. NKorea: American starts life at 'special prison'
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  30. Jolie: From girl with tattoos to girl with a cause
  31. Asia stocks up as US small business mood improves
  32. Google poised to show off latest devices, services
  33. APNewsBreak: Lawyer: Tsarnaev's widow to cooperate
  34. Soldier in sexual assault office accused of abuse
  35. Trio of troubles threatening Obama's second term
  36. If you liked Turkey on no inflation – you’ll love India
  37. Hard to get warm and fuzzy about Japan at these levels
  38. Petrobras Record Bond Deal
  39. A look at how Russia, US still spy on each other
  40. Study questions how sharply US should cut the salt
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  42. Russia's FSB releases alleged letter on US spying
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  45. Angelina Jolie's double mastectomy: Q A
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  48. Bangladesh honors the dead from building collapse
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  50. Gov't probe obtains wide swath of AP phone records

What is S&P/TSX Composite Index?

S&P/TSX Composite Index

The TSX stock exchange defines an index as a statistical measure of the state of the stock market, based on the performance of certain stocks. The performance of the index is typically viewed as a broad indicator of the direction of the economy. Originally known as the TSE 300 the composite index was created in 1977, with a base level of 1000 as of 1975. Through the years the index consisted of a sample of 300 companies, though the companies that comprised the index varied from year to year. Stocks were dropped when they no longer met exchange requirements for size and liquidity.

Effective May 1st, 2002 the index has been managed by Standard & Poor's Corp. of New York. The name was changed from the TSE 300 to the S&P/TSX Composite Index. Along with the S&P branding came new rules. Tougher criteria for meeting size and liquidity standards were imposed and there is now no fixed number of companies in the index. Since May 2002 the number of companies has dropped from 300 to 212 as of November of 2003.

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